Steven A. Cohen
Steven A. Cohen is a billionaire hedge fund investor and founder of SAC Capital Partners. He has been referred to as "A New Prince of Wall Street" by the New York Times and "The Hedge Fund King" by the Wall Street Journal. According to Forbes, he has an estimated net worth of $6.8 billion.
Cohen attended the Wharton School at the University of Pennsylvania and was hired as a junior trader at Gruntal & Co. in 1978. On his first day, he made an $8,000 profit, and eventually was making around $100,000 a day for the company.
SAC Capital Partners is a hedge fund based in Stamford, Connecticut. It was founded in 1992 by Cohen with $25 million but now currently manages $14 billion. The fund is very active accounting for about 3 percent of the NYSE's daily volume and 1 percent of the NASDAQ's daily volume. The fund's favorite industries include technology, retail/consumer goods, and healthcare.
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Steven Cohen's SAC Capital Seeks to Calm Investors' Nerves
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Top 10 for 11/19 - 11/23: SAC Capital Grabs Regulator Attention; Otellini Out at Intel; H-P has $8.8 Billion Oversight; France Gov't Debt Downgraded
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Market Wrap: H-P's $8.8B Oversight; New Housing Starts at 4-Year High; UBS Trader Gets Comeuppance; SAC Capital Under Fire
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Hedge Fund Heavy Steve Cohen Implicated in Massive Insider Trading Scheme
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What's Steven Cohen's SAC Capital Buying? A Few Banks Among Other Things (BK, C)
